The chart below represents a year-to-date trend analysis of cash receipts and sales. REQUIRED What does this
Question:
The chart below represents a year-to-date trend analysis of cash receipts and sales.
REQUIRED
What does this chart tell you about potential risks of misstatement in accounts receivable? Explain which assertions are at risk and the potential over/understatement in accounts receivable balance.
Transcribed Image Text:
Absolute amount Sum of. $3,000,000.00 $2,500,000.00 $2,000,000.00 $1,500,000.00 $1,000,000.00 $500,000.00 $0.00 April March May June July August October September November December - -Cash Receipt -Sales
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Related Book For
Auditing The Art And Science Of Assurance Engagements
ISBN: 9780136692089
15th Canadian Edition
Authors: Alvin A. Arens, Randal J. Elder, Mark S. Beasley, Chris E. Hogan, Joanne C. Jones
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